Omnidian negotiates $15m series A

US-based solar energy asset servicing company Omnidian has raised $15m of series A funding from investors including Congruent Ventures, the sustainability-focused fund backed by University of California.
Venture capital firm IA Capital led the round, which was also backed by National Grid Partners (NGP), Evergy Ventures and Avista Development, respective corporate venture capital arm of utilities National Grid, Evergy and Avista.
Blue Bear Capital and City Light Capital filled out the series A round.
Founded in 2015, Omnidian supplies a monitoring and protection service for residential and commercial solar panels that enables the system administrator to receive maintenance alerts, system diagnostics and call-outs on an ongoing basis to protect the panels from breakdowns.
The series A capital will help Omnidian service the needs of its clients and fund additions to its elite dealer program, which allows sellers of residential solar panels to bundle Omnidian’s product for a reduced fee for a year.
Omnidian also hopes to expand into new US markets, including New York and California, in a bid to extend its reach to dealers representing more than 75% of the US solar market.
Congruent Ventures led an oversubscribed $5.1m round for Omnidian in 2017 backed by City Light Capital, Blue Bear Capital, Energy Foundry, Ekistic Ventures and Avista Development.
NGP subsequently invested in Omnidian as part of a round of undisclosed size in November 2018, though this may have been connected to the series A.